Economic DOOM? "Mega DEFAULT In China Scheduled For January 31"

Users Online Now: 1,196 (Who's On?)	Visitors Today: 344,325
Pageviews Today: 520,014	Threads Today: 202	Posts Today: 2,565
06:05 AM

Page 1 Bottom Search Replies Previous Page Next Page
Search Terms: Highlight Matches
Economic DOOM? "Mega DEFAULT In China Scheduled For January 31"
Ag47 Offer Upgrade User ID: 26576279 United States 01/19/2014 09:24 PM Report Abusive Post Report Copyright Violation	Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Mega Default In China Scheduled For January 31 [link to www.forbes.com] On Friday, Chinese state media reported that China Credit Trust Co. warned investors that they may not be repaid when one of its wealth management products matures on January 31, the first day of the Year of the Horse. The Industrial and Commercial Bank of China sold the China Credit Trust product to its customers in inland Shanxi province. This bank, the world’s largest by assets, on Thursday suggested it will not compensate investors, stating in a phone interview with Reuters that “a situation completely does not exist in which ICBC will assume the main responsibility.” ... There has never been a default—other than one of timing—of a WMP, so the Credit Equals Gold product could be the first. If it is, it will edge out the WMP that invested in loans to Liansheng Resources Group, another Shanxi coal miner. Jilin Trust packaged Liansheng’s loans into a wealth management product sold by China Construction Bank , the country’s second-largest lender by assets, to its customers. Liansheng is in bankruptcy, and it looks like the WMP holders will not be repaid in full. A WMP default, whether relating to Liansheng or Zhenfu, could devastate the Chinese banking system and the larger economy as well. In short, China’s growth since the end of 2008 has been dependent on ultra-loose credit first channeled through state banks, like ICBC and Construction Bank, and then through the WMPs, which permitted the state banks to avoid credit risk. Any disruption in the flow of cash from investors to dodgy borrowers through WMPs would rock China with sky-high interest rates or a precipitous plunge in credit, probably both. The result? The best outcome would be decades of misery, what we saw in Japan after its bubble burst in the early 1990s. ...

Ag47 (OP) User ID: 26576279 United States 01/19/2014 09:34 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Other recent economic doomish threads: Thread: Royal Dutch SHELL (RDSA) Warns Of 'Significantly' Lower Earnings Than Expected Thread: Breaking: DEUTSCHE BANK ANNOUNCES MASSIVE (and unexpected) Q4 NET LOSS - Economy will be hit hard .
Anonymous Coward User ID: 2734963 United States 01/19/2014 10:24 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31"
Ag47 (OP) User ID: 26542121 United States 01/19/2014 11:35 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" China Reports Cooling Down of Economy [link to www.nytimes.com]

Ag47 (OP) User ID: 26542121 United States 01/20/2014 12:13 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" . Thread: OH SHIT =-O CHINAS 7 DAY REPO RATE Jumps TO 6.32% .
Ohwell User ID: 52977553 United Kingdom 01/20/2014 12:28 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Sounding like the 60 day time frame for a currency reset according to Largarde is starting to ring true. The US debt ceiling also runs out Feb 07. Hmmmmmm!
Anonymous Coward User ID: 43950234 United States 01/20/2014 12:29 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Sounding like the 60 day time frame for a currency reset according to Largarde is starting to ring true. The US debt ceiling also runs out Feb 07. Hmmmmmm! Quoting: Ohwell I predict nothing will happen.
Anonymous Coward User ID: 53162512 United States 01/20/2014 01:14 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" The Currency Reset will be done before 1 March 2014. We are already in that window. The problem is what is this going to look like?
goldielucks User ID: 794598 United States 01/20/2014 01:27 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" The Currency Reset will be done before 1 March 2014. We are already in that window. The problem is what is this going to look like? Quoting: Anonymous Coward 53162512
Ohwell User ID: 52977553 United Kingdom 01/20/2014 01:51 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" The Currency Reset will be done before 1 March 2014. We are already in that window. The problem is what is this going to look like? Quoting: Anonymous Coward 53162512 I think you are right. Its no coincidence that US debt ceiling runs out on February 7th. A former treasury secretary said in 2012 that the true end of the world would come in March 04 of 2014. A preacher said in December 04 2013 that the currency reset will occur in the next 90 days. IMF's Largarde reportedly said yesterday that the reset would occur within the next 60 days. What would it look like? Let's hear Hillary and Rahm Manuel tell us what it would look like. In essence a collapse is coming amidst the global freeze or climate change expected in the next few days/weeks? The economic woes of 2008 is coming with fire and brimstones.
Anonymous Coward User ID: 50814480 United States 01/20/2014 02:04 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" The Currency Reset will be done before 1 March 2014. We are already in that window. The problem is what is this going to look like? Quoting: Anonymous Coward 53162512 I think you are right. Its no coincidence that US debt ceiling runs out on February 7th. A former treasury secretary said in 2012 that the true end of the world would come in March 04 of 2014. A preacher said in December 04 2013 that the currency reset will occur in the next 90 days. IMF's Largarde reportedly said yesterday that the reset would occur within the next 60 days. What would it look like? Let's hear Hillary and Rahm Manuel tell us what it would look like. In essence a collapse is coming amidst the global freeze or climate change expected in the next few days/weeks? The economic woes of 2008 is coming with fire and brimstones. Quoting: Ohwell
hempster User ID: 9072910 United States 01/20/2014 02:13 AM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Gold has been creeping up , sense something in the horizon. Last Edited by NO SITE SPAMMING on 01/20/2014 02:14 AM Established for transparency, education, and mass adoption of cryptocurrencies.
Ag47 (OP) User ID: 26585830 United States 01/20/2014 01:01 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" Sounding like the 60 day time frame for a currency reset according to Largarde is starting to ring true. The US debt ceiling also runs out Feb 07. Hmmmmmm! Quoting: Ohwell The Currency Reset will be done before 1 March 2014. We are already in that window. The problem is what is this going to look like? Quoting: Anonymous Coward 53162512 So would the new currency be backed by gold? Is China giving central banks the middle finger?? [link to www.godlikeproductions.com] .
Ag47 (OP) User ID: 26584963 United States 01/20/2014 08:24 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" . HOLY SHIT Thread: Bankers At Davos Plan To Push The "Reset" Button On The World Economy, Says WEF Founder!?!?! .
No More Lies User ID: 1707881 United States 01/20/2014 08:38 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" the info is leaking out...still labled conspiracy but there is hard truth underneath... JW's take: the biggest shock waves will come from the currency reset followed by the introduction of the Gold Trade Settlement. The return of the Gold Standard is near, but it will arrive on the trade vehicles, not the FOREX currency or SWIFT bank platforms. It will feature the Gold Trade Note, used as letter of credit.
Ag47 (OP) User ID: 26584963 United States 01/20/2014 09:02 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" the info is leaking out...still labled conspiracy but there is hard truth underneath... JW's take: the biggest shock waves will come from the currency reset followed by the introduction of the Gold Trade Settlement. The return of the Gold Standard is near, but it will arrive on the trade vehicles, not the FOREX currency or SWIFT bank platforms. It will feature the Gold Trade Note, used as letter of credit. Quoting: No More Lies Interesting, thank you. So anyone holding USD or other fiat is screwed? Most likely? Not necessarily?
No More Lies User ID: 1707881 United States 01/20/2014 09:07 PM Report Abusive Post Report Copyright Violation	Re: Economic DOOM? "Mega DEFAULT In China Scheduled For January 31" the info is leaking out...still labled conspiracy but there is hard truth underneath... JW's take: the biggest shock waves will come from the currency reset followed by the introduction of the Gold Trade Settlement. The return of the Gold Standard is near, but it will arrive on the trade vehicles, not the FOREX currency or SWIFT bank platforms. It will feature the Gold Trade Note, used as letter of credit. Quoting: No More Lies Interesting, thank you. So anyone holding USD or other fiat is screwed? Most likely? Not necessarily? Quoting: Ag47 from what i've heard, US citizens holding usd will be screwed...to the point that they are holding dollars worth a lot less...foreign investors (especially investing countries) will still be honored with full value...at leaat that's what i've heard.
Page 1 Top Previous Page Next Page

Related Threads

Join Now, Free! (& No Ads!) Forgot Your Password?
Email	Password	Remember

1	MEGA INFRASTRUCTURE SECURITY NEWS: U.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel, Company has ties to CHINA . Assymetrical	04/12/24
2	Giant goldfish caught in lake toba.. bad omen for errupting Mount Sinabung or even Mount Toba mega volcanoe DOOM?	08/11/20
3	BREAKING!!! Mega default of financial trust in China scheduled for January 31	01/20/14
4	JUST-IN: Mega Default In China Scheduled For January 31!!	01/20/14
5	Forbes: : Mega Default coming at end of month in China!!!	01/19/14
6	China to create largest mega city in the world with 42 million people	01/27/11
7	China to create largest mega city in the world with 42 million people	01/24/11
8	Russia Turns East at Shocking Speed with China Mega Energy Deals	11/24/14
9	China to build mega city	01/25/11
10	25 Mega Cities Responsible For 52% of Greenhuse Gasses; 23 Are in China	07/12/21

Rate this Thread

Economic DOOM? "Mega DEFAULT In China Scheduled For January 31"